New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-11
AN INJUNCTION AGAINST STOCKHOLDERS.

OWncrS
Valley and Toledo Railroad had elimination In this city
to-day, when tho Intervention of the courts asked
An Injunction suit filed by John W. Shaw of New
YORK the recently elected president OF the road In which
he makes the following ex-ocers and holders OF stock
and other securities Of the road defendants Stevenson
Burke, NJ. NJ Greene Charles Hckox, Charles G. Hckox.
William j. McKnnie, Chauncey Andrews and John Wells
and the Toledo and Ohio Central Railway Company
The plaintiff seeks to restrain the defendants from selling
compel them to account for their alleged Indebtedness to
the company by reasons Of the alleged appropriation OF
Judges Bingham granted the application for the restrain
Ing order and required the plaintiff to enter into bond IN
the sum OF 100000 to secure tho costs In the action ana
FORECLOSURE OF WESTERN ROAD.
ISDIANAPOLIs Feb. IO.-A decree of foreclosure was
entered the Federal Circuit Court this afternoon In the
crosscomplan Of the Central Trust Company OF New
York against the Indiana, Bloomington and Western
Railway The Eastern Division OF tho road Is mortgaged
for $30O0OO0. tho Western Division for $5,00OO OO OF
which 81 500 900 second mortgage The road is to
be sold In accordance with the OF reorganization
entered into In the interests OF tho bondhoders OF the
total capitalization OF 81 O0O $1,000 900 are
represented In the reorganization proposed Tho court
se tho property for thirty day. and sell to the highest
bidder Bidders are required to make deposit o., OF
entire property will be entertained The sale will take
place at the Federal building, this city. ,.
tee representing the bondholders. New common stock
to the amount OF 81 600 and OF preferred
stock will be issued The reorganization scheme includes
the consolidation OF the Indiana Bloomington and Vest
en with the and p Sep the
name OF the Columbus, indianapolis and Western
CHANGE OF METHOD IN PAYING CONDUCTORS.
PHILADELPHIA. Feb 10 (speciaD President Corbn to-
day ordered hereafter the conductors OF tho Reading
Railroad Company TO be paid In cash. The scheme OF
retaining certain percentage OF their salaries and con-
verting the same from time to time into stock, which was
naugurated In 1861 has been abolished and the salary
list entirely At present the president
OF tho company as trustee holding about go shares Of
stock and about $4,000 In money which Will he PAID
over TO The men when they leave the road l. mas oeen
decided that all money set aside for the men during the
present receivershp from June q 1884 to February OF
The present year. viii DO paid them in cash in install
ments OF 10 per cent
MISCELLANEOUS RAILWAY INTELLIGENCE
George g. Scott, Calvin 8 Brce and Samuel Thomas
were elected directors OF Richmond and West Point
Terminal Company yesterday This completes Mt present
the changes In the boards OF the companies on account OF
the purchase by the Terminal Company 'of con
trolling interest IN the East Tennessee, Virginia and
Georgia Railway Company.
Boston, Feb. l0.-The annual statement OF the Union
Pacific Railroad shows: Earnings for the ycHr,
$4,000 7o7 expenses G.553 io9 o5oGss
taxes ~ 055 5l0 net earnings SS995l7S This shows
an increase Of 1920 22 in earnings increase Of
l.4699j3 In expenses decrease OF IN surplus
500 49, in net earnings compared with 1850.
CLEVELAND Feb. 10 (speeiaD.-suit was entered here
10 day against the Lake shore road by Vlic Mutt Co..
oil renors OF this city They claim that the railroad
company has been discriminating In freight rates against
them In favor OF tho STANDARD OIL Company by charging
them - a car for freight than the standard was
charged. Damages 10 the extent OF S32,2'o W are
asked
IsprAS,roLIs Feb 10 tsp,caD.-In the Federal Court
to-day Judge Gresham took occasion To speak rather
harshy OF extravaganza in the management OF the Lake
Erie and Western Railroad. OF which o. III. Cheney Is
receiver and material reductions made In the allow
anccs asked by Mr. Cheney and the attorneys employed
by him. The receivers claim for $4,000 per annum was
reduced To 81 Two OF his attorneys wanted $1,000
Int were allowed only $500. The New York and
Chicago lawyers asked for $4,000; they got $1,000
J. NJ Lemon aud J. D. High. attorneys Tor inc original
paintns I'm the case, demanded Sli 900 Their entire
claim was disalowoi The average reduction III the total
amount OF tho claims 90 per cent
CHICAGO Feb. lO-The general freight agents OF tho
Southwestern Railway Association lines were In session
here giving the Interstate bill consideration. They con-
cucd that action would have 10 be taken by all OK the
Western lines In harmony TO avert impending trouble
For this reason no action taken mt the meeting be-
yond agreeing general conference should be held
tomorrow by the general managers and general lreeht
western lines at which agreement VIII be reached
possible Ia maintain present tariH rates utii the ite
state law goes into effect